A fresh report out of Japan claims the new Toyota Land Cruiser 300 will be released in the second quarter of 2021.

According to BestCarWeb, the long-awaited successor to the Land Cruiser 200 will be on dealership floors in Japan by April 2021. As a reminder, the current generation hit the market as long ago as 2007. Interestingly, the publication claims a new-generation Land Cruiser Prado will follow late in 2022.

This latest report lines up neatly with an earlier story suggesting Toyota planned to build its last V8-powered Land Cruiser 200 by March 2021.

The upcoming Land Cruiser 300 is expected to debut a new 3,3-litre V6 turbodiesel engine (which rumours suggest will eventually power the upcoming GR Hilux, too). The oil-burning powerplant is tipped to be joined by a twin-turbo 3,5-litre V6 petrol engine (depending on the market, of course), with an electrified version of the latter likely to follow at a later stage.

In addition, Toyota is widely expected to ditch the 243 kW/460 N.m 4,6-litre V8 petrol engine employed by the outgoing model in some markets.